Royce & Associates LP Decreases Stake in Ducommun Incorporated $DCO

Royce & Associates LP reduced its stake in shares of Ducommun Incorporated (NYSE:DCO) by 20.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,581 shares of the aerospace company’s stock after selling 26,190 shares during the period. Royce & Associates LP’s holdings in Ducommun were worth $9,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. ProShare Advisors LLC boosted its position in shares of Ducommun by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 2,523 shares of the aerospace company’s stock worth $240,000 after buying an additional 163 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Ducommun by 1.2% in the 4th quarter. Gabelli Funds LLC now owns 103,916 shares of the aerospace company’s stock worth $9,886,000 after buying an additional 1,192 shares in the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of Ducommun in the 4th quarter worth about $685,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Ducommun by 0.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,796 shares of the aerospace company’s stock worth $6,079,000 after buying an additional 336 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Ducommun by 22.7% in the 4th quarter. Strs Ohio now owns 8,100 shares of the aerospace company’s stock worth $771,000 after buying an additional 1,500 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Rajiv A. Tata sold 1,612 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the transaction, the vice president owned 33,171 shares of the company’s stock, valued at $4,809,795. This represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the transaction, the director directly owned 20,100 shares of the company’s stock, valued at approximately $2,629,683. This represents a 34.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,734 shares of company stock valued at $2,476,679 in the last 90 days. 5.00% of the stock is currently owned by insiders.

Ducommun Price Performance

NYSE:DCO opened at $152.88 on Friday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -64.78 and a beta of 1.06. The company has a current ratio of 3.67, a quick ratio of 2.59 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average is $137.31 and its two-hundred day moving average is $118.21. Ducommun Incorporated has a 12-month low of $68.76 and a 12-month high of $156.32.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The firm had revenue of $209.02 million for the quarter, compared to analyst estimates of $199.61 million. During the same period last year, the company earned $0.83 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts expect that Ducommun Incorporated will post 4.07 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DCO shares. The Goldman Sachs Group boosted their price objective on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Wall Street Zen lowered shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank Of Canada boosted their price target on Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Citigroup boosted their price target on Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Truist Financial boosted their price target on Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.